The strategic business plans developed by DRB-HICOM Berhad (DRB-HICOM) and China's Zhejiang Geely Holdings Group. Co Ltd (Geely) will relive Proton''s glory, said Second Finance Minister Datuk Seri Johari Abdul Ghani.
Following the strategic partnership, he said Proton would emerge as a formidable automative player in the Malaysian, ASEAN and global markets.
"The signing ceremony between DRB-HICOM and Geely Holdings marks a significant milestone for Proton and the country. Our very own and much-loved brand now has a real chance in making a comeback, a huge one I hope.
"As a national car, the government will be here to watch and to support the future of Proton any way we can," he said before the signing ceremony between DRB-HICOM and Geely Holdings here today.
The strategic partnership is part of the condition placed by the government for Proton to received RM1.1 billion reimbursement from the company''s RM3.5 billion research and development spending.
Johari said there was nothing wrong for Proton to have alliance and partnership.
"In the automative world, it is very common. In fact, TATA partners with Land Rover and Jaguar, BMW partners with Mini and Rolls-Royce, and Renault, Nissan and Mitsubishi are all in one big alliance," he said.
Johari said Proton has been in a highly challenging situation over the last few years following the declining sales and cash flow constraint.
"Therefore, with a strategic partner, Proton will be able to alleviate the brand value and consumer confidence, access to the latest technology, achieve higher economies of scale and ability to access bigger market beyond Malaysia," he said.
With the Head of Agreement today, that both parties agreed with the terms, Johari said government would facilitate to make sure Proton would remain a national car.
He said Geely, as best automotive player in China and among the best in the world, would give assistance to Proton to become the number one brand in Malaysia, ASEAN and also China.
"We want to make sure the entire value chain of vendors and suppliers to be given priority to participate in these development. With Geely''s experience in developing the vendors and suppliers, that will benefit us in terms of volume... not only supply of cars or parts for Malaysia''s market, but also the market where Geely is," he said.
On retrenchment, Johari said DRB-HICOM and Geely had assured that they would keep the entire team and jointly manage Proton.
"I don''t see the needs to do any retrenchment because this strategic partner will bring the cars and give the right volume," he said.
Geely Group Executive Vice-President and Chief Financial Officer Daniel Donghui Li said Malaysia and Southeast Asia were an important location for the company''s future growth.
He said the company aimed to sell three million cars annually by 2020 and the region was targeted to contribute 500,000 car sales.
"With Proton and Lotus joining the Geely portfolio of brands, we strengthen out global footprint and develop a beachhead in Southeast Asia," he said.
Last year, Geely sold a combined 1.3 million vehicles worldwide.
DRB-Hicom Bhd Group Managing Director Datuk Seri Syed Faisal Albar said the strategic partnership with Geely would ease the capital commitment of DRB-Hicom for Proton, as well as the commitment for research and development.
He said the deal also excluded land assets outside Tanjung Malim, Perak, including Shah Alam which would be transferred to DRB-Hicom in the future at a fair price after relocating all its manufacturing operations to Tanjung Malim.
He said the land asset could then be developrf by DRB-Hicom and thus, would bringsmore revenue to the company.
Nevertheless, he said the relocation process was only expected to take place within five years.
On the disposal of Lotus, he said the British carmaker was sold at 100 million British pound sterling to Geely, which would hold 51 per cent equity, while Etika Automotive Sdn Bh, 49 per cent.
Etika Automotive is own by the same shareholders of Etika Strategi Sdn Bhd, a company that holds a 51 per cent stake in DRB-Hicom, he said.
HSBC is Geely's financial advisor in the transaction, while Quantephi Sdn Bhd is the financial advisor for DRB-Hicom.
Geely's and DRB-Hicom are expected to sign the Definitive Agreement in July 2017.
-- BERNAMA
Bernama
Wed May 24 2017
![Partnership with Geely will relive Proton glory - Johari Partnership with Geely will relive Proton glory - Johari](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2017-05/71495613700_ProtonDRBHICOM.jpg)
![KPT aku-akukan syor PAC guna garis panduan pelaburan universiti awam untuk anak syarikat KPT aku-akukan syor PAC guna garis panduan pelaburan universiti awam untuk anak syarikat](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/81719822088_ZambryAbdKadir.jpg)
KPT aku-akukan syor PAC guna garis panduan pelaburan universiti awam untuk anak syarikat
KPT mengalu-alukan cadangan PAC berhubung pelaksanaan dan pemakaian Garis Panduan Pelaburan dan Pembiayaan oleh Universiti Awam 2024, kepada anak-anak syarikat di bawah seliaan kementerian itu.
![SUKMA 2024: Sepak takraw wanita mungkin digugurkan SUKMA 2024: Sepak takraw wanita mungkin digugurkan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/61720679430_AbdulKarimRahman.jpg)
SUKMA 2024: Sepak takraw wanita mungkin digugurkan
Sepak takraw wanita berpasukan berkemungkinan akan digugurkan daripada senarai acara temasya Sukan Malaysia (SUKMA) 2024 berikutan jumlah penyertaan kurang daripada jumlah minimum yang ditetapkan.
10 Berita Pilihan - (16 Julai 2024)
Antara pelbagai berita dalam dan luar negara yang disiarkan di Astro AWANI, berikut adalah yang paling menjadi tumpuan sepanjang hari ini.
![Enam rakyat Vietnam ditemukan maut di sebuah hotel di Bangkok Enam rakyat Vietnam ditemukan maut di sebuah hotel di Bangkok](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-12/41702437730_maut.jpg)
Enam rakyat Vietnam ditemukan maut di sebuah hotel di Bangkok
Enam orang ditemukan maut di sebuah hotel di Bangkok, Thailand pada Selasa laporan media tempatan yang memetik polis Bangkok.
AWANI 7:45 [16/07/2024] - Suspek dibawa ke lokasi | Selamat tinggal rakyat Malaysia | Harimau Malaya hilang taring?
- Polis sahkan suspek bunuh Kartini anggota polis.
- Pan-Gon enggan dedah punca letak jawatan.
- Faisal Halim sedih mentor Pan-Gon undur diri.
- Pakai reben putih di Parlimen, tak salah.
- Pan-Gon enggan dedah punca letak jawatan.
- Faisal Halim sedih mentor Pan-Gon undur diri.
- Pakai reben putih di Parlimen, tak salah.
![Isteri calon gandingan Trump letak jawatan di firma guaman Isteri calon gandingan Trump letak jawatan di firma guaman](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/41721139141_TBJDUSHA.jpg)
Isteri calon gandingan Trump letak jawatan di firma guaman
Usha Vance, isteri kepada Senator J.D. Vance yang dipilih sebagai calon gandingan bekas presiden Amerika Syarikat (AS) Donald Trump awal minggu ini, telah meletakkan jawatannya di sebuah firma guaman,
![Najib fail permohonan di mahkamah rayuan cabar Titah Adendum Najib fail permohonan di mahkamah rayuan cabar Titah Adendum](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-05/71683779541_TBNAJIBRAZAK.jpg)
Najib fail permohonan di mahkamah rayuan cabar Titah Adendum
Berdasarkan sistem e-filing mahkamah, rayuan itu telah ditetapkan untuk pengurusan kes pada 7 Oktober ini.
![Pangsapuri mewah bernilai RM1 juta menanti pemenang emas Olimpik Pangsapuri mewah bernilai RM1 juta menanti pemenang emas Olimpik](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/51721138010_HannahYeoh.jpg)
Pangsapuri mewah bernilai RM1 juta menanti pemenang emas Olimpik
Hannah Yeoh berkata Jawatankuasa RTG telah menerima tawaran daripada pemaju hartanah, Top Residency, yang berminat untuk menghadiahkan pemenang pingat emas pertama.
![E-sukan harus dijadikan kepentingan sehingga ke peringkat lebih tinggi E-sukan harus dijadikan kepentingan sehingga ke peringkat lebih tinggi](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/61721128633_MohdHidayatMohdSa.jpg)
E-sukan harus dijadikan kepentingan sehingga ke peringkat lebih tinggi
Kerajaan juga harus wujudkan sebuah dasar yang jelas supaya kepentingan e-sukan ini mampu diperkembangkan ke masa hadapan.
![Kerajaan pandang serius penularan ideologi liberalism, pluralism Kerajaan pandang serius penularan ideologi liberalism, pluralism](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/61721122322_ZulkifliHasan.jpg)
Kerajaan pandang serius penularan ideologi liberalism, pluralism
Kerajaan sentiasa memandang serius terhadap penularan ideologi dan aliran pemikiran yang bercanggah dengan ajaran Islam seperti ideologi liberalism dan pluralism agama.
![Untung bersih DRB-Hicom susut 15.2 peratus disebabkan caj cukai lebih tinggi Untung bersih DRB-Hicom susut 15.2 peratus disebabkan caj cukai lebih tinggi](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2020-06/41593102269_DRBHicom.jpg)
Untung bersih DRB-Hicom susut 15.2 peratus disebabkan caj cukai lebih tinggi
Bagaimanapun, kumpulan itu merekodkan pertumbuhan 5.0 peratus dalam PBT kepada RM210.76 juta berbanding RM200.77 juta sebelumnya.
![DRB-Hicom catat untung bersih suku ketiga yang rendah kepada RM70.80 juta DRB-Hicom catat untung bersih suku ketiga yang rendah kepada RM70.80 juta](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2020-06/41593102269_DRBHicom.jpg)
DRB-Hicom catat untung bersih suku ketiga yang rendah kepada RM70.80 juta
DRB-Hicom Bhd catatn keuntungan bersih yang lebih rendah kepada RM70.80 juta pada suku ketiga berakhir 30 Sept, 2023 (S3 2023) daripada RM143.95 juta dalam tempoh yang sama tahun lepas.
![DRB-Hicom, Geely bukan pelabur eksklusif dalam AHTV DRB-Hicom, Geely bukan pelabur eksklusif dalam AHTV](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2017-05/51495605027_DRBHICOMlogo.jpg)
DRB-Hicom, Geely bukan pelabur eksklusif dalam AHTV
DRB-Hicom Bhd menegaskan bahawa pelaburan yang dijangkakan bernilai RM32 bilion bagi pembangunan Lembah Teknologi Tinggi Automotif (AHTV) di Tanjong Malim bukan pelaburan eksklusif Geely sahaja.
![DRB-Hicom kembali pulih, catat keuntungan bersih RM187.71 juta DRB-Hicom kembali pulih, catat keuntungan bersih RM187.71 juta](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2019-07/41562164811_DRBHICOMlogo.jpg)
DRB-Hicom kembali pulih, catat keuntungan bersih RM187.71 juta
Hasil untuk tahun kewangan 2022 meningkat 25.3 peratus kepada RM15.51 bilion daripada RM12.38 bilion sebelumnya.
![DRB-Hicom kembali mencatat keuntungan, raih untung bersih RM143.95 juta pada suku ketiga DRB-Hicom kembali mencatat keuntungan, raih untung bersih RM143.95 juta pada suku ketiga](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2020-06/41593102269_DRBHicom.jpg)
DRB-Hicom kembali mencatat keuntungan, raih untung bersih RM143.95 juta pada suku ketiga
Hasil bagi tempoh dalam tinjauan melonjak 114.2 peratus kepada RM4.54 bilion daripada RM2.1 bilion sebelumnya.
![DRB-Hicom catat kerugian bersih RM179 juta pada suku ketiga DRB-Hicom catat kerugian bersih RM179 juta pada suku ketiga](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2020-06/41593102269_DRBHicom.jpg)
DRB-Hicom catat kerugian bersih RM179 juta pada suku ketiga
Hasil merosot kepada RM2.12 bilion berbanding RM3.56 bilion pada S3 TK2020 susulan sekatan pergerakan pada Julai dan Ogos.
![Yasmin Mahmood letak jawatan sebagai Pengerusi Pos Malaysia Yasmin Mahmood letak jawatan sebagai Pengerusi Pos Malaysia](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2018-11/41541168254_DatukYasminMahmood.jpg)
Yasmin Mahmood letak jawatan sebagai Pengerusi Pos Malaysia
Peletakan jawatan Datuk Yasmin Mahmood akan berkuat kuasa 1 April depan.
![DRB-Hicom catat kerugian bersih RM173 juta DRB-Hicom catat kerugian bersih RM173 juta](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2020-06/41593102269_DRBHicom.jpg)
DRB-Hicom catat kerugian bersih RM173 juta
Aliran pertukaran asing yang kurang memberangsangkan menyebabkan DRB-Hicom merekodkan kerugian kira-kira RM72 juta membabitkan bayaran dan pinjaman dalam denominasi mata wang asing.
![Saham DRB-Hicom jatuh selepas SPRM siasat Deftech Saham DRB-Hicom jatuh selepas SPRM siasat Deftech](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2019-05/41557813661_DRBHicom.jpg)
Saham DRB-Hicom jatuh selepas SPRM siasat Deftech
AmBank Research hari ini menurunkan gred DRB-Hicom kepada "underweight" daripada "hold" dengan nilai adil lebih rendah pada RM1.74.
![Deftech bina bas elektrik SQC Malaysia yang pertama Deftech bina bas elektrik SQC Malaysia yang pertama](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2017-12/71512386236_bus.jpg)
Deftech bina bas elektrik SQC Malaysia yang pertama
Deftech, yang merupakan sebuah anak syarikat milik penuh DRB-Hicom Bhd telah dipertanggungjawabkan untuk membina 11 buah bas EV SQC.